Reliability and efficiency at global level in power systems

A. Jokic; P.P.J. Bosch, van den; A. Virag; W.H.A. Hendrix; L. Puglia; W.W. Boer, de; R. Vujanic; Frank Nobel

doi:10.1109/EEM.2013.6607415

Reliability and efficiency at global level in power systems

A. Jokic, P.P.J. Bosch, van den, A. Virag, W.H.A. Hendrix, L. Puglia, W.W. Boer, de, R. Vujanic, Frank Nobel

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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Abstract

In EU project E-Price it is proposed to attribute reliability to the Transmission System Operator (TSO) and the drive for efficiency to the Balance Responsible Parties (BRP). Two main ideas are proposed. The first idea is to make BRPs themselves responsible for estimating their uncertainty in real time and hedge their imbalance risks, yielding the proposal to introduce dual-sided markets for ancillary services. The second idea is to reduce the conservatism in exploiting the inter-area transmission capacity (ATC), while still guaranteeing sufficient degrees of reliability. This paper explains, elucidates and concludes, based on qualitative arguments and supported by quantitative simulations and calculations, that both proposals are beneficial to improve the stated compromise between reliability and economy.

Original language	English
Title of host publication	Proceedings of the 10th International Conference on the European Energy Markets, 27-31 May, 2013. Stokholm, Sweden
Pages	1-8
DOIs	https://doi.org/10.1109/EEM.2013.6607415
Publication status	Published - 2013
Event	conference; 10th International Conference on the European Energy Markets; 2013-05-27; 2013-05-31 - Duration: 27 May 2013 → 31 May 2013

Conference

Conference	conference; 10th International Conference on the European Energy Markets; 2013-05-27; 2013-05-31
Period	27/05/13 → 31/05/13
Other	10th International Conference on the European Energy Markets

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10.1109/EEM.2013.6607415

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title = "Reliability and efficiency at global level in power systems",

abstract = "In EU project E-Price it is proposed to attribute reliability to the Transmission System Operator (TSO) and the drive for efficiency to the Balance Responsible Parties (BRP). Two main ideas are proposed. The first idea is to make BRPs themselves responsible for estimating their uncertainty in real time and hedge their imbalance risks, yielding the proposal to introduce dual-sided markets for ancillary services. The second idea is to reduce the conservatism in exploiting the inter-area transmission capacity (ATC), while still guaranteeing sufficient degrees of reliability. This paper explains, elucidates and concludes, based on qualitative arguments and supported by quantitative simulations and calculations, that both proposals are beneficial to improve the stated compromise between reliability and economy.",

author = "A. Jokic and {Bosch, van den}, P.P.J. and A. Virag and W.H.A. Hendrix and L. Puglia and {Boer, de}, W.W. and R. Vujanic and Frank Nobel",

year = "2013",

doi = "10.1109/EEM.2013.6607415",

language = "English",

isbn = "978-1-4799-2008-2",

pages = "1--8",

booktitle = "Proceedings of the 10th International Conference on the European Energy Markets, 27-31 May, 2013. Stokholm, Sweden",

note = "conference; 10th International Conference on the European Energy Markets; 2013-05-27; 2013-05-31 ; Conference date: 27-05-2013 Through 31-05-2013",

}

Jokic, A, Bosch, van den, PPJ, Virag, A, Hendrix, WHA, Puglia, L, Boer, de, WW, Vujanic, R & Nobel, F 2013, Reliability and efficiency at global level in power systems. in Proceedings of the 10th International Conference on the European Energy Markets, 27-31 May, 2013. Stokholm, Sweden. pp. 1-8, conference; 10th International Conference on the European Energy Markets; 2013-05-27; 2013-05-31, 27/05/13. https://doi.org/10.1109/EEM.2013.6607415

TY - GEN

T1 - Reliability and efficiency at global level in power systems

AU - Jokic, A.

AU - Bosch, van den, P.P.J.

AU - Virag, A.

AU - Hendrix, W.H.A.

AU - Puglia, L.

AU - Boer, de, W.W.

AU - Vujanic, R.

AU - Nobel, Frank

PY - 2013

Y1 - 2013

N2 - In EU project E-Price it is proposed to attribute reliability to the Transmission System Operator (TSO) and the drive for efficiency to the Balance Responsible Parties (BRP). Two main ideas are proposed. The first idea is to make BRPs themselves responsible for estimating their uncertainty in real time and hedge their imbalance risks, yielding the proposal to introduce dual-sided markets for ancillary services. The second idea is to reduce the conservatism in exploiting the inter-area transmission capacity (ATC), while still guaranteeing sufficient degrees of reliability. This paper explains, elucidates and concludes, based on qualitative arguments and supported by quantitative simulations and calculations, that both proposals are beneficial to improve the stated compromise between reliability and economy.

AB - In EU project E-Price it is proposed to attribute reliability to the Transmission System Operator (TSO) and the drive for efficiency to the Balance Responsible Parties (BRP). Two main ideas are proposed. The first idea is to make BRPs themselves responsible for estimating their uncertainty in real time and hedge their imbalance risks, yielding the proposal to introduce dual-sided markets for ancillary services. The second idea is to reduce the conservatism in exploiting the inter-area transmission capacity (ATC), while still guaranteeing sufficient degrees of reliability. This paper explains, elucidates and concludes, based on qualitative arguments and supported by quantitative simulations and calculations, that both proposals are beneficial to improve the stated compromise between reliability and economy.

U2 - 10.1109/EEM.2013.6607415

DO - 10.1109/EEM.2013.6607415

M3 - Conference contribution

SN - 978-1-4799-2008-2

SP - 1

EP - 8

BT - Proceedings of the 10th International Conference on the European Energy Markets, 27-31 May, 2013. Stokholm, Sweden

T2 - conference; 10th International Conference on the European Energy Markets; 2013-05-27; 2013-05-31

Y2 - 27 May 2013 through 31 May 2013

ER -

Reliability and efficiency at global level in power systems

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